This could accelerate mobile money's rollout and give a huge portion of the world's two billion
unbanked access to financial services.
Not exact matches
We are a global community working
to expand
access to financial services for the world's
unbanked billions.
Their borderless nature is a double - edged sword: it enables criminality just as well as it gives
unbanked populations
access to cheap and efficient
financial services.
In a country where close
to 80 percent of the population are
unbanked, Mobile Money
service, popularly referred
to as MoMo transformed the banking industry while promoting
financial inclusion using proximity and
access in a convenient way.
While the
unbanked is a long way off from having easy, cost - effective
access to financial services, the blockchain is promising
to empower these population segments with greater
financial services access and engagement by picking up where more traditional fintech has left off.
Cashaa, which aims
to provide
access to financial services for the billions of
unbanked, uses Blockchain technology
to enable value transfer, without the end user having
to come into contact with cryptocurrency themselves.